Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum
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Vietnam, Laos boost construction of road linking two capital cities
There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities
Hanoi promotes tourism among visitors attending SEA Games 31
The capital city and its neighboring provinces introduce attractive tourist destinations, products, and services to international visitors. Themed “Hanoi - Den de yeu” (Hanoi- Visit It to Love It), Hanoi Tourism Festival 2022 is an opportunity to promote the image of a safe and friendly capital on the occasion of the 31st SEA Games. That is the affirmation of Nguyen Manh Quyen - Vice Chairman of the Hanoi People’s Committee at the festival’s opening ceremony last weekend. Leaders of Hanoi city and delegates visited the tourist booth at the opening ceremony of Hanoi Tourism Festival 2022. Photo: Le Nam Admiring the “technological wall” showing Hanoi’s scenic spots The festival was organized with various new and impressive features. Besides advertising through booths and miniature models of landscapes such as Thang Long Imperial Citadel, Temple of Literature - Imperial Academy, Hoa Lo Prison, and Hanoi’s Old Quarter, among others, the festival also showcases … [Read more...] about Hanoi promotes tourism among visitors attending SEA Games 31
VND1.098 trillion to upgrade Nha Trang – Saigon railway section
The Nha Trang - Saigon railway section. (Photo: SGGP) According to the proposal, the project has a total investment of more than VND1.098 trillion (US$47.9 million) funded from the State budget in the medium-term public investment plan for the 2021-2025 period. The project is expected to be implemented in three years, from 2022 to 2025. The project scope is in the Nha Trang - Saigon section of the North-South railway line, with the starting point at Nha Trang Station (Km1314+930) and the ending point at Saigon Station (Km1726+200), with a total length of about 411 kilometers. Specifically, the project will renovate and upgrade five weak bridges on the route; renovate and upgrade the upper layer architecture of nine degraded sections, with a total length of more than 87 kilometers. At the same time, the project will repair and upgrade Song Than Station (cargo station); build a new station combined with renovating the railway and synchronous works of Di An Station. Along with … [Read more...] about VND1.098 trillion to upgrade Nha Trang – Saigon railway section
More golds for Vietnamese sports delegation at SEA Games 31
In the final of men’s 5,000m, military athlete Nguyen Van Lai finished first in 16 minutes, 34 seconds and 12, securing a gold medal. Other gold medalists of Vietnam’s track and field team were Pham Thi Diem (women’s high jump with an achievement of 1.78m), Nguyen Tien Trong (men’slong jump – 7.80m), Nguyen Thi Huyen (women’s 400m – 52 seconds and 83). In jujitsu event, Phung Thi Hue pocketed a gold medal after defeating her Philippines rival in women’s 45kg category. Meanwhile, boxer Dao Hong Son defeated the Singaporean rival to win the gold medal in the men's 56kg category. In pétanque, players Hong Thoa and Lan Anh claimed an emphatic 13-2 victory over Malaysia’s Nurashimah Senin and Sharifah Aqilah Farhana Syed Ali to bag a gold medal for Vietnam. In bodybuilding, Dinh Kim Loan won the gold medal. In addition, Tran Hoang Duy Thuan and Bui Thi Thoa competed excellently to win the gold medal in the mixed doubles event. Meanwhile, the Vietnamese dance sport team won the 5th … [Read more...] about More golds for Vietnamese sports delegation at SEA Games 31
Highest int’l school fee in HCMC to hit $32,500
HCMC is home to more than 20 schools that teach bilingual programs or programs of the U.K., U.S., Canada, and Australia. For the upcoming academic year, most schools have raised their tuition fee by VND15-40 million ($650-1,730) per year against the 2021-2022 school year. Among those that have announced enrollments, the school fees for kindergartens remain around VND100-300 million per year, elementary schools at VND150-500 million per year, and secondary-high schools at VND200-700 million per year. Depending on different schools, the listed fee could or not include funds for books, uniforms, insurance, and extracurricular activities. HCMC has around 2,300 schools, including 1,300 public schools, with the rest all private. Among the private schools, 900 are kindergartens, 100 inter-level schools that comprise classes from first to 12th grades, and more than 20 international schools. As for the tuition fee of public schools, the fee of secondary schools in the inner-city … [Read more...] about Highest int’l school fee in HCMC to hit $32,500